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i3D Arena and Rapid App Protocol for Data Governance #352

Closed InvluencerMikeDoyle closed 2 years ago

InvluencerMikeDoyle commented 3 years ago

Open Grant Proposal: Project Title

i3D Rapid Consensus Protocol

Name of Project:i3D Rapid App on i3D Protocol

Proposal Category: app-dev,

Proposer: https://github.com/invluencer Please contact for access

(Optional) Technical Sponsor: If you have previously discussed this project with a member of the IPFS or Filecoin project teams, include their name and/or github handle here

Do you agree to open source all work you do on behalf of this RFP and dual-license under MIT and APACHE2 licenses?: "Yes"

Project Description

The i3D Protocol is a Web and Mobile App data ecosystem solution that reduces investment risk through affordable, fast pre-screening of early-stage start-up companies by a distributed autonomous network

Early stage investing in start-ups offers potential for high ROIs, but it is by nature a considerable risk & poor data environment with low liquidity for founders and their investors.

The i3D Protocol leverages the developments by Nevermined.io as their first use case. Nevermined has funding from Filecoin: https://github.com/filecoin-project/devgrants/pull/321/files?short_path=6d3dc19#diff-6d3dc1955c31c8cc2c76b477c56f5da71d09351e5d99290f2c6352944579d43d

Problem

Predicting the success of early-stage start-ups is difficult due to the lack of data and the inflated costs of robust, affordable, and non-biased due diligence. Pre-screening thousands of opportunities is a time-intensive process for investors, incubators, accelerators, banks, and venture funds

Due Diligence Constraints & Time Early-stage companies exist in poor data environments with less reliable information publicly available, meaning that too often early-stage investors only hear about companies once it is too late to invest. Established VCs or friends/family are the entities that benefit most from investing early on in such ventures.

If a methodology existed for everybody (not just VCs and their limited partners) to be able to contribute their investment, wisdom or perspective, then more promising businesses would receive support and have the capacity to expand as the investments flow beyond the “next big thing” and into any type of young business with the right factors for success. This is the need for lower barriers to entry in the VC world. There exists the need for a better way to assess which types of companies will have the highest chances of growing their revenue or value in a scalable manner.

Solution

Invluencer is creating the i3D Protocol (platform) as a marketplace to connect the wisdom of the crowd to the infrastructure needed to assess a young company’s likelihood of success, and which factors are most likely to indicate the business will do well. The team has previous experience building marketplaces and bringing user adoption to the different networks where we will integrate the technology. Making easier to get access to DeFi data, can setup this tool as a reference Dapp for the crypto and tradfi investment communities

Phase 1 Completed & in testing: i3D Arena which allows Deep analysis of each new project

Phase 2 Now Building: i3D Rapid Using the power of Network Effects for sentiment analysis a) Gamification of Analysis

b) Mobile application used to grow the network

Value

The i3D DDS framework is based on 3 components: an automated algorithmic score from data uploads, an expert score by network members holding a certain reputation within the network, and an ‘expert’ score by the larger network primarily based on sentiment. With identified triangulation points available in all three components, a consensus score is achievable, with the primary aim being to accurately build a set of data points that allows a fully automated score to be achievable.

This, we believe, will bring user adoption to the Filecoin Ecosystem as recording and storing the Reports, Reputations and Rewards of the expert nodes in a distributed manner is important in maintaining the distribution ethos of i3D and Filecoin

A risk consideration is one where an investor may rely on the reporting to make an investment which turns out badly. However, given the high-risk nature of the early-stage investment sector, using the consensus methodologies means that their risk is reduced

A risk consideration in executing the project is funding. This is mitigated through the funding mechanisms employed:

Deliverables

The final deliverable for the grant funding is the completion of the prototype for the i3D Rapid App which allows us to go to market to start building a large, decentralised network. This is important for the sentiment analysis in reports required for triangulation of data. Successful implementation of the prototype will allow us to attract further funding.

The core purpose for the i3d Rapid mobile app is to grow the user base for the i3d - intelligent distributed due diligence platform. This is to be achieved by encouraging users to engage with the platform via the mobile app i3d Rapid daily through rewards in the form of i3d tokens. The tokens will be allocated in 2 ways; • for answering “Rapid” or reduced question set questionnaires about companies registered on the i3d platform • daily check in on the mobile, which enables the user to earn tokens per hour based on the number of active people in their network.

The proposal is split into 3 core deliverables.

  1. Mobile Application Development.
  2. API Development. The API development will be to build an API for integration to the currrent Firebase identity, and storage of reward coins services such that they can support both the mobile and portal channels. The solution will leverage the Apstory Ledger service, enabling Invluencer to minimize development cost and only pay for the use of the service. Apstory will absorb any development required to the Apstory Ledger service to enable integration.
  3. Integration of results and Storage and Retrieval via Nevermined and Filecoin to enable verfied reports based on results of network analysts

BAsed on successful proof of concept of the prototype (growth of network) further deliverables will then include the establishment of our NFT 'Subscription' model for verified access to the data and integration of the Reputation management - both via Nevermined Protocol, with a NFT storage solution via Flecoin.

The prototype of the i3D Rapid App will have the following functionality when completed: a) Gamification of Analysis

b) Mobile application used to grow the network

c) Backend of webapp development to integrate i3D Rapid App Test Questions

Development Roadmap

Flow and Integration between i3D, Nevermined and Filecoin Analysts will conduct analytical work via the i3D Arena and Rapid App with the results being registered and encrypted in Nevermined to maintain the rewards and reputation levels of analysts with their Decentralised In-situ Computation. The encrypted report will then be stored on Filecoin for user access.

The users of the i3D Arena and Rapid App form part of the start-up ecosystem numbered at 1 million plus participants (source CB Insights and Pitchbook), including VC, private equity, investors and analysts. With a projected Total Attainable Market of 2.5% i3D expects to service the data needs of 25,000 users annually.

Based on a subscription model, authorised users will be able to retrieve the encrypted and time stamped data reports from the Filecoin system via the Nevermined integration with it’s audit proof decentralised access control to ensure regulatory compliance. Payments for the reports is retroactive based on proof of data transfer and encryption.

Output value

Work Packages, Timeline & Software Costs
Milestones framed as Work Packages >Owner >Start Date > % Completed

Completed: i3D Arena Development Cost $319,000
1.1 Project Charter >CEO >1-Feb-19 >100% 1.2 Project Charter Revisions >CEO / Directors >1-Feb-19 >100% 1.3 Research >Team >1-Mar-19 >100% 1.4 Product Market Fit Validation >Product Owner >1-Jun-20 >100% 1.5 Fundraise for Phase 1 >CEO > 1-Jul-20 >100% 1.6 Core development >Coding Team >1-Mar-21 >100% Completed 30-Sep-2021 1.7 Preparation for go to market >Product Owner >1-Dec-21 >50% 1.8 Go to Market >CEO >1-Jan-22 >10% 1.9 Develop User Network - Inner Swarm >CEO/CMO >1-Jan-21 >10%

Grant Funding i3D Rapid App plus Arena integration Cost $65,300 Total FT Equivalent Staff X6
2.1 Scope & Goal Setting >Product Owner >1-Dec-20 >100% 2.2 Design Phase >Product Owner >1-Dec-20 >100% 2.3 Skill Set Identification >CEO >1-Jan-21 >100% 2.5 Complete Grant >CEO >01-Dec-21 >0% 2.6 Project Start >1-Dec-21 >0% 2.7 Employ staff & appoint subcontractors >CEO >1-Dec-21 >0% 2.8 i3D Factor Research & Algorithm design >Data Scientist >1-Jul-21 >25% 2.9 i3D Algorithm and App Coding >Subcontractors >1-Jan-22 >0% - 3X teams as detailed below in Milestones & Budgets

The development of the project takes place with Nevermined.io, our App developer and own i3D Team building off the Nevermined protocol as the main integration point with Filecoin. Reputation and Rewards management via Nevermined to be completed after prototype completion.

https://github.com/filecoin-project/devgrants/pull/321/files?short_path=6d3dc19#diff-6d3dc1955c31c8cc2c76b477c56f5da71d09351e5d99290f2c6352944579d43d

Total Budget Requested $65,300

The project costs are split between 3 teams collaborating simultaneously to integrate the various components. Broadly there are 3 milestones

Milestone 1: Mobile App Development 3X FTE Budget $35,000 • Project Setup • Setup App in App Stores
• Setup Mobile App
• Detailed Analysis and Design • Mobile App Development Frontend • Ledger for token accounting via Apstory Ledger
• i3D Question API Integration between web & mobile app

Milestone 2: Integration of results and report generation 2X FTE Budget $15,000 • i3D Mobile to Arena integration - Web API Development • Cross reference analytics between mobile and expert question sets via API • API Integration for results to report generation

Milestone 3: Web API's, Ledger Accounting & Storage 2X FTE Budget $12,000 • i3D Completed Report API via Nevermined to Filecoin Storage solution • i3D Report retrieval from Filecoin via authorised user

Invluencer CEO and CTO are also full time on the development, however their costs are primarily covered by other funding Post Implementation Costs: $3,300 • 3Months

Total Budget: $65,300 Budget Breakdown by Team • $35,000 App development Team - X3 FTE • $15,000 Integration Team - X2 FTE • $12,000 i3D Team (data, algorithms) - X2 FTE • $ 3,300 Invluencer Overheads & management of project

Maintenance and Upgrade Plans

All the implementations resulting from this development will be Open Source and merged as part of the i3D upstream code. As a result of that, the code and functionality will be supported as long the i3D components are being used by the community. The i3D Protocol is being designed as a DAO with planned involvement from

Team

Team Members

Team Member LinkedIn Profiles

Team Website

https://invluencer.com https://keyko.io ## Relevant Experience

The i3D Protocol is a collaboration between Invluencer Ltd and Keyko.io blending Tradfi and Defi

Invluencer Ltd Team Mike Doyle: Co Founder & CEO Invluencer Bachelor of Commerce, Post Graduate Futures Studies 2X founder:

Oswald Garlick: CTO Invluencer Network Engineering & Software Development 2X Co Founder of krpt.io and Vanirtech - servicing the financial services crypto arbitrage industry

Patrick Doyle: Co Founder & Development Advisor Consultant Anaesthetist and Stanford Graduate School of Business Certificate of Innovation and Entrepreneurship Founder of L2p.co.uk, a regulatory software company with +20K active users

Jonathan Els: Technical Consultant Master of Science in Software Engineering 2X Co Founder of krpt.io and Vanirtech - servicing the financial services crypto arbitrage industry

Matt Hacking: Director Invluencer, Crypto Advisor Director Pharmafinium: Digital Healthcare Accelerator Co Founder Oxford Hormone Clinic

Trevor Harraway: Due Diligence MSc Environmental Geochemistry Invluencer Due Diligence Framework Developer and Founder of Endiligence - Transaction Due Diligence (non-financial)

Keyko.io Team led by:

Don Gossen: CEO Keyko BSc Engineering, Computer Engineering Serial Entrepreneur with extensive experience incubating and scaling ventures. 3x Founder & CEO

Aitor Argomaniz: CTO Keyko Deep Tech and Big Data expert with keen eye for talent and extensive track record of delivery 2x Founder & CTO

Team code repositories

• https://github.com/keyko-io • https://github.com/nevermined-io • https://github.com/bigchaindb • https://github.com/oceanprotocol • https://github.com/stratio • https://github.com/xaynetwork • https://github.com/filecoin-project • https://github.com/celo-org • https://github.com/bancorprotocol

Additional Information

Link to Design of i3D Rapid App: https://xd.adobe.com/view/7e70710d-e307-4cfa-b33f-f3151029d194-2b23/

Link to Whitepaper: https://docs.google.com/document/d/1enfdDqZKnu0VDls_43B3F_aUoHXgnkY5/edit#heading=h.gjdgxs

The i3D DDS framework is based on 3 components: an automated algorithmic score from data uploads, an expert score by network members holding a certain reputation within the network, and an ‘expert’ score by the larger network primarily based on sentiment (see Section 5). With identified triangulation points available in all three components, a consensus score is achievable, with the primary aim being to accurately build a set of data points that allows a fully automated score to be achievable.

In conceptualising such a framework for a distributed due diligence network, the example of Amazon Mechanical Turk (MTurk) can be referenced. MTurk is a marketplace for work that requires human intelligence. Companies use MTurk to tap into a broad network of anonymous workers that can choose from thousands of tasks to complete.

i3D uses this logic, enhances it, and applies it to the due diligence process, which also requires human intelligence to complete myriad small tasks. The scoring methodologies reduce the complexity of predictive analytics to simple analysis until consensus is achieved and then reconfigures the data back to an aggregated sectional score.

Companies are uploaded to the platform and distributed to the experts according to their reputation level within the network based on performance, level of expertise, first come first served basis, etc. depending on the level of expertise required. Experts lock up some of their coins for the duration of the scoring process.

To achieve Equilibrium of scores for each factor, algorithms track scores ensuring that once factor equilibrium is achieved the factor is removed from the process while factors yet to achieve equilibrium are continually assigned to experts until equilibrium is achieved. This ensures a factor is accurately scored and does not become lost or diluted in the overall sectional score. Once Factor Equilibrium is achieved, the scores are aggregated and weighted according to these relevant sections. Commentary is also aggregated with common threads collated into a report that is sent to the platform for access by users.

An expert is rewarded or purchases i3D Coins to have a “stake” in the i3D network, and to access the platform to perform due diligence. The experts get paid Coins for performing the work successfully, as well as earning back the Coins used to bid for the work. The value of these coins is determined by the value of the coin at time of lock up, and by allocated due diligence from the Investor Liquidity pool made up from subscription fees. Excess Liquidity can also be used by Invluencer to Buy and Burn Coins or to maintain liquidity for further development. By asking experts to have a stake in our network, we ensure “skin in the game” and using principles such as loss-aversion and ownership-accountability to ensure that experts are performing due diligence to the best of their abilities. Successfully staking our Coins and earning them back is how an expert contributes to the network’s strength. See Earning Rewards in Whitepaper

realChainLife commented 3 years ago

Hi @InvluencerMikeDoyle thank you for this proposal. Can you include technical details, in the development roadmap, how the Filecoin integration to the Rapid App will work and benefit the application? Thanks.

InvluencerMikeDoyle commented 3 years ago

Hi @InvluencerMikeDoyle thank you for this proposal. Can you include technical details, in the development roadmap, how the Filecoin integration to the Rapid App will work and benefit the application? Thanks.

Good afternoon @realChainLife (Sonia). Please see updated detail as requested. Primarily integration takes place via the Nevermined Protocol who have received funding from Filecoin. We will be their first use case. If you need more info please let me know, or alternatively we can include them into the discussion. Many thanks!

InvluencerMikeDoyle commented 3 years ago

Not sure if my tag registered you @realChainLife on the update so just quickly entered it again :)

realChainLife commented 3 years ago

Hi @InvluencerMikeDoyle thanks for the update. Can you also share the milestone/budget breakdown?

InvluencerMikeDoyle commented 3 years ago

Hi @realChainLife I have updated the Total Budget section with a more detailed breakdown of the budget and the Milestones each allocation achieves. Hope this is what you needed. Regards

InvluencerMikeDoyle commented 3 years ago

Hi Sonia

A quick note to see how the review is going on our application.

Kind regards

Mike

On Fri, 22 Oct 2021, 01:16 Sonia John, @.***> wrote:

Hi @InvluencerMikeDoyle https://github.com/InvluencerMikeDoyle thanks for the update. Can you also share the milestone/budget breakdown?

— You are receiving this because you were mentioned. Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/352#issuecomment-949070571, or unsubscribe https://github.com/notifications/unsubscribe-auth/ASP6XULISUZI5BQOULSHEO3UICNOLANCNFSM5FRD6ATQ . Triage notifications on the go with GitHub Mobile for iOS https://apps.apple.com/app/apple-store/id1477376905?ct=notification-email&mt=8&pt=524675 or Android https://play.google.com/store/apps/details?id=com.github.android&referrer=utm_campaign%3Dnotification-email%26utm_medium%3Demail%26utm_source%3Dgithub.

InvluencerMikeDoyle commented 2 years ago

Good morning @realChainLife A checkin to see if there is possibility for progressing this application? Kind regards Mike

realChainLife commented 2 years ago

Hi @InvluencerMikeDoyle thank you for your patience with our review process. We still have several pending questions with the proposal and I'd like to have a call to go this. Can you email devgrants@fil.org to arrange this.

InvluencerMikeDoyle commented 2 years ago

Hi @realChainLife Sonia

Thank for taking the time to meet on Friday – we are positive and very excited to get going on this!

To summarize our conversation and answers to your final questions:

  1. User Adoption. We are building a two-sided marketplace. Firstly the ‘experts’ who will analyse and rank companies via the i3D Rapid App (funded by Filecoin) and i3D Arena (already built and in testing). The second side is the network of users accessing the data reports for investment purposes. We are already actively engaged with several companies who will seed a fund to use the data, however the primary intention is to have the expert side of the marketplace cross over and ‘subscribe’ for the information collectively analysed. Currently we are modelling our adoption rates, primarily grown through the i3D Rapid App and our unique ‘subscription’ utility NFT as follows: Jan 2022 - 2,500 Feb 2022 - 5,500 March 2022 - 10,000 April 2022 – 15,500 May 2022 – 22,200 Hereinafter, we are prediction organic growth leading up to our public token listing in September 2022.

  2. Integration summary

    • Once the app and NFT launch is completed, both components integrate into the Nevermined protocol to ensure that storage and retrieval on the Filecoin network is based on Proof of Data and audit proof regulatory compliance from both protocols (date stamped for report generation and retrieval)
    • Nevermined will also be used to manage the Reputation & Rewards of the i3D Protocol
    • Possibility exists as well for Keyko’s Data Marketplace to tap the network potential of i3D.

  3. Reporting

    • While the project has been broadly separated into three milestones, the project reporting will be managed by Don Gossen (Keyko) and Mike Doyle (Invluencer). This is due to the extensive cross over of integrations for the different components of the project, both front end (Mike) and blockchain (Don).
    • We will ensure that our respective CTO’s manage the technical reporting as well.
    • I propose that we submit a monthly report for the first 3 months of the project (development) and 3 months thereafter (network growth).

I trust this is an accurate summary Regards Mike

InvluencerMikeDoyle commented 2 years ago

Hi Sonia

Thank for taking the time to meet on Friday – we are positive and very excited to get going on this!

To summarize our conversation and answers to your final questions:

  1. User Adoption. We are building a two-sided marketplace. Firstly the ‘experts’ who will analyse and rank companies via the i3D Rapid App (funded by Filecoin) and i3D Arena (already built and in testing). The second side is the network of users accessing the data reports for investment purposes. We are already actively engaged with several companies who will seed a fund to use the data, however the primary intention is to have the expert side of the marketplace cross over and ‘subscribe’ for the information collectively analysed.

Currently we are modelling our adoption rates, primarily grown through the i3D Rapid App and our unique ‘subscription’ utility NFT as follows:

Jan 2022 - 2,500

Feb 2022 - 5,500

March 2022 - 10,000

April 2022 – 15,500

May 2022 – 22,200

Hereinafter, we are prediction organic growth leading up to our public token listing in September 2022.

  1. Integration summary
  1. Reporting

I trust this is an accurate summary Kind regards

Mike

On Fri, 19 Nov 2021 at 01:57, Sonia John @.***> wrote:

Hi @InvluencerMikeDoyle https://github.com/InvluencerMikeDoyle thank you for your patience with our review process. We still have several pending questions with the proposal and I'd like to have a call to go this. Can you email @.*** to arrange this.

— You are receiving this because you were mentioned. Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/352#issuecomment-973618522, or unsubscribe https://github.com/notifications/unsubscribe-auth/ASP6XUPZMUHK43XNQCLAJALUMWOJBANCNFSM5FRD6ATQ . Triage notifications on the go with GitHub Mobile for iOS https://apps.apple.com/app/apple-store/id1477376905?ct=notification-email&mt=8&pt=524675 or Android https://play.google.com/store/apps/details?id=com.github.android&referrer=utm_campaign%3Dnotification-email%26utm_medium%3Demail%26utm_source%3Dgithub.

InvluencerMikeDoyle commented 2 years ago

Hi @realChainLife (Sonia) Just checking in for any updates Regards Mike

realChainLife commented 2 years ago

Hi @InvluencerMikeDoyle after additional review with the grants team, we approved funding, at a lower cost than proposed above for the development of an MVP, or prototype. Can you rework the proposal with new deliverables that reflect this change?

InvluencerMikeDoyle commented 2 years ago

Great news @realChainLife I will meet with the team today and get a revised scope and budget to you Regards

InvluencerMikeDoyle commented 2 years ago

Good morning Sonia and team

As requested we have revised the budget for the project and updated the Deliverables and Budget sections of the application. We were able to do this by utilizing the ledger service offered by the app development partner as opposed to immediately creating a 'live' blockchain ledger for accounting of the i3D reward tokens. We will also scale back on the reputation management aspects of Nevermined and focus more on the storage and retrieval of reports between Nevermined and Filecoin.

Previous ask: $97,000 Revised ask: $65,300

Looking forward to your responses and kicking off!

We would also like to chat in the new year about a storage solution for our NFT launch which is being used to disrupt the traditional subscription model for SaaS enterprises.

Kind regards

Mike

On Sun, 12 Dec 2021 at 22:13, Sonia John @.***> wrote:

Hi @InvluencerMikeDoyle https://github.com/InvluencerMikeDoyle after additional review with the grants team, we approved funding, at a lower cost than proposed above for the development of an MVP, or prototype. Can you rework the proposal with new deliverables that reflect this change?

— You are receiving this because you were mentioned. Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/352#issuecomment-991971429, or unsubscribe https://github.com/notifications/unsubscribe-auth/ASP6XUMV3OS2M5P6DI7XXI3UQUGABANCNFSM5FRD6ATQ . Triage notifications on the go with GitHub Mobile for iOS https://apps.apple.com/app/apple-store/id1477376905?ct=notification-email&mt=8&pt=524675 or Android https://play.google.com/store/apps/details?id=com.github.android&referrer=utm_campaign%3Dnotification-email%26utm_medium%3Demail%26utm_source%3Dgithub.

InvluencerMikeDoyle commented 2 years ago

Morning @realChainLife Just a quick check in to confirm you received our revision - Deliverables & Budget? Regards Mike

realChainLife commented 2 years ago

Hi @InvluencerMikeDoyle thank you for your patience with our evaluation process and with the modification to the development roadmap. We've approved funding for the proposal outlined here. Lets discuss next steps via email.

InvluencerMikeDoyle commented 2 years ago

Great news!

Please let us know what paperwork we need to complete!

Looking forward to developing the app!

Regards

Mike

On Fri, 14 Jan 2022, 12:36 Sonia John, @.***> wrote:

Hi @InvluencerMikeDoyle https://github.com/InvluencerMikeDoyle thank you for your patience with our evaluation process and with the modification to the development roadmap. We've approved funding for the proposal outlined here. Lets discuss next steps via email.

— Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/352#issuecomment-1013044307, or unsubscribe https://github.com/notifications/unsubscribe-auth/ASP6XUMGP2ALNH4KWIYJ4BDUWADEXANCNFSM5FRD6ATQ . Triage notifications on the go with GitHub Mobile for iOS https://apps.apple.com/app/apple-store/id1477376905?ct=notification-email&mt=8&pt=524675 or Android https://play.google.com/store/apps/details?id=com.github.android&referrer=utm_campaign%3Dnotification-email%26utm_medium%3Demail%26utm_source%3Dgithub.

You are receiving this because you were mentioned.Message ID: @.***>